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Russian Dollar-Store Chain Founders Become Billionaires Bloomberg 3/5/2021 Popular Searches Their Fix Price Group Ltd., founded in 2007 to provide basic goods at predictable, cheap prices, quickly became a hit among Russian consumers and attracted a Goldman Sachs Group Inc. investment last year. It’s now the nation’s biggest dollar-store retailer, and its initial public offering in Moscow and London is proving just as popular among investors. The company priced 178 million global depositary receipts at the top of a marketed range. The two founders, who together owned 83% of Fix Price before the listing, are now worth $3.6 billion each, according to the Bloomberg Billionaires Index. A representative for the firm didn’t immediately comment on their wealth.

United statesCity ofUnited kingdomUnited kingdom generalBloomberg sergei lomakinAndrey rudakov bloombergArtem khachatryanDollar tree incMoscow state mining universityTheir fix price group ltdGoldman sachs group incQatar investment authorityGoldman sachsBlackrock incFix price group ltdGoldman sachs group